The 2018 financial statements of 4 companies in a group are follows:

Statement of Comprehensive income for the year ended 31 December 2021

	P Bhd (RM000)	S Bhd (RM000)	T Bhd (RM000)	A Bhd (RM000)
Sales	600	500	400	800
Cost of sales	(200)	(250)	(150)	(300)
Gross profit	400	250	250	500
Dividend Income	112	56	-	-
Operating expenses	(200)	(100)	(50)	(200)
Profit before tax	312	206	200	300
Tax	(92)	(56)	(70)	(100)
Profit after tax	220	150	130	200
Other comprehensive income	-	-	-	-
Total comprehensive income	220	150	130	200

Statement of Financial Position (Balance sheet) as at 31 December 2021

	P Bhd (RM000)	S Bhd (RM000)	T Bhd (RM000)	A Bhd (RM000)
Share capital	600	300	300	100
Retained profit	310	208	120	490
Inter-co payable	20	10	-	5
Liabilities	445	382	190	105
	1375	900	610	700
Investment in S Bhd	320
Investment in A Bhd	150
Investment in T Bhd	-	280
Inter-co receivables	5	20	10
Other assets	900	600	600	700

Statement of changes in equity (partial) for the year ended 31 December 2021

	P Bhd (RM000)	S Bhd (RM000)	T Bhd (RM000)	A Bhd (RM000)
Beginning retained profit	210	170	60	360
Profit for the year	220	150	130	200
Dividend proposed	(120)	(112)	(70)	(70)
Ending retained profit	310	208	120	490

P Bhd acquires 75% of S Bhd in January 2018 when S Bhds retained profit were RM100,000. S Bhd acquires 80% of T Bhd in March 2018, when T Bhds retained profit were RM50,000. P Bhd acquires 40% of A Bhd in August 2018, when A Bhds retained profit was RM200,000.

The companies adopt MFRS 3 (2012) on 1 January 2021. Prior to that the companies adopted a policy under which goodwill arising from acquisition of subsidiary had been amortized over 5 years on straight line basis, commencing in the year of the acquisition (the goodwill implicit in the acquisition of associate it not subject to amortization). There is no impairment for 2021

The group start to sell to each other in 2018 at cost plus 30%. During the year 2021 T Bhd sold RM50,000 worth of goods to S Bhd and S Bhd sold RM80,000 worth goods to P Bhd. As at 31 December 2021, the unrealized profit in the stock of S Bhd is RM10,000 and that in the stock of P Bhd is RM30,000. During the year 2021, P Bhd sold RM300,000 worth of goods to A Bhd. As at 31 December 2021, the unrealized profit in the stock of A Bhd is RM5,000. Arising from these intragroup transactions, there are inter-company account balances as shown in the statement of financial position above.

All the dividends were paid out of current years profits. The companies have adopted the single tier system for dividends since 1 January 2021.

Required:

1. Show the consolidation journal entries (15 marks)
2. Show the consolidation worksheet and prepare the consolidated statement of comprehensive income, consolidated statement of financial position and the consolidated statement of changes equity (showing group retained profit only) for the group of P Bhd for the year 2021 (25 marks)